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Information for 2020 follows for Riverbed Corp.: Retained earnings, January 1, 2020 $1,940,000 Sales revenue Cost of goods sold Interest income 37,800,000 29,514,000 166,000
Information for 2020 follows for Riverbed Corp.: Retained earnings, January 1, 2020 $1,940,000 Sales revenue Cost of goods sold Interest income 37,800,000 29,514,000 166,000 Selling and administrative expenses 4,790,000 Unrealized gain on FV-OCI equity investments (gains/losses not recycled) 268,000 Loss on impairment of goodwill 520,000 Income tax on continuing operations for 2020 (assume this is correct) 677,000 Assessment for additional income tax for 2018 (normal, recurring, and not caused by an error) 581,000 Gain on disposal of FV-NI investments 100,000 Loss from flood damage Loss on disposal of discontinued division (net of tax of $62,750) Loss from operation of discontinued division (net of tax of $39,750) 377,000 251,000 159,000
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